Summit Notebook

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Goodrich Corp. Chief Financial Officer Scott Kuechle recalls when he first started at the company about 25 years ago the firm was mainly in tires, commodity chemicals and industrial products. Aerospace defense was a “very small” component buried in its industrial business.

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The Chief Executive Officer of L-3 Communications says he’s a “city kid” from New York who worked his way up from loading trucks in the Bronx as a college student to being in charge of a large U.S. defense contractor.

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President Barack Obama was quite blunt earlier this year about a new fleet of presidential helicopters being built by Lockheed Martin Corp., citing it as an example of the procurement process “gone amok.”

As President Barack Obama sends more troops to Afghanistan, and the Pentagon is expected to increase orders of armored trucks, helicopters, ammunition and other weaponry, Reuters specialist journalists are talking to some of the biggest names in the aerospace and defense industries.

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Forget China, at least for now. That “B” in BRICs is really gaining momentum. Many investment managers attending the “Reuters Investment Outlook Summit 2010″ in New York this week mentioned Brazil as a hot destination to park money next year.